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was spending on both a war and a great society without raising taxes. the fed was left to fight the resulting inflation alone. the nation's central bank, originally created to protect the banking system against panics, acquired more power to affect the economy than even it imagined at the outset. the federal reserve: does money matter? with the help of economic analyst richard gill, we'll explore that question on economics usa. i'm david schoumacher. coins, bills, checks-- our basic money supply. the amount of money and where it goes wiin the banking system has been the main concern of our nation's central bank. at the fed's headquarters here in washington, dc, closed deliberations are held by experts who continuously monitor our financial health and prescribe remedies. how did these experts prescribe a remedy that plunged us even deeper into the great depression? early in the 20th century, american banks operated with little regulation and great vulnerability. in 1907, that vulnerability became apparent when depositors lost confidence and demanded their money. the banks couldn't get short-te
for expansion of tax credits for the middle class and working poor which the white house says is part of his state of the union pledge to boost economic opportunity for all americans. michelle joins us now from the white house. michelle, how do you think this plays out politically considering how gridlocked things are in washington right now? >> reporter: does this have a chance of passing, you're asking? in a word, and you may already know the answer, no. in presenting this budget proposal, president barack obama wants to address the most difficult issues americans face making living and paying for cost of living. working poor, working minimum wage and working full time. they don't have the tax credits workers with children do. obama wants to expand to workers without children, younger workers. this budget contains $60,000 billion worth. obama wants to help obama pay for child care, tax credits for people with young children, pay for education and save for retireme retirement. republicans have problems with it in specifics like closing tax loop hohole loopholes. some say this does nothing t
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find outf your business can qualify at will there's this kid. coach calls hea team pyer. she's kind of special. she makes the whole am better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach he's a great passer.. dependable. a winning team has to have one. mebody you can count on. somebody l like my dad. this is my dad. somebody like my mom. my grandfather. i'm very prod of him. her. them. iprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. so ameriprise created the retirexclusive..ions. confidt retirement approach. now you and ur ameripise advisor can get the real answers you need. well, knowing gives u confidence. start b
-changing ideas, like this: dozens of tax free zones across new york state. mo here. expand here. or start a new buness here... and pay no taxes fo yrs. with new jobs, new opportunities d a new tax free plan. there's only one way for your business to go. up. find out if your businessy can qualify at neil: yesterday we discovered a story about how american airlines has quieted ended bereavement fares. flyers who need a last minute flight because of a family member's death now have to pay full price, the media is catching up to sorry "l.a. times" we broke the story first, you viewersa the home, this is network you watch to get it first, fewer soldiers, more labels, that sums up where financial priorities lie in washington these days, president moving back to roll troop levels to where they were before world war ii, yet celal kating millions, we super size spending on almost everything else. first on military matter, good thing in bad thing? >> remember ronald reagan. strategy of the peace through strength. so you have to say, one of the prime responsibilities of the federal governme
early. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand re. or start a new business here... and pay no taxes for 10 years. and a new tax free plan. new opportunities there's only one way for your business to go. up. find out if your busins can qualify at neil: we are gettingyou asng this. what is te deal. well, exactly. we have made a segment out of it. a lot of youust can't stop talking out it. your chance to get something off your chest about thehow, the guest, and me. e-mail us or send us a tweet. at the end of the show don'' eat surprised if you hear me responding to you that night. consider thess comments over whether i talk too much on the sh. i never heard you interrupt so much. we already have an o'reilly. so please don't interrupt every guest that you have. and finally th, i'm done with you until you learn to shut up. and at the end of the show i'm going to let you take over. meanwhile, do you need proof that terser plotting the next attack? their gambling online to wander e money they might use for the
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at here in philadelphia you can access a philly cheesesteak anytime, day or night. just like you can access geico anytime, day or night. there is only one way to celebrate this unique similarity. witness the cheesesteak shuffle. ♪ cheesesteak, cheesesteak ♪ ♪ it's the cheesesteak shuffle! huh! ♪ ♪ every day, all day, cheesesteak, cheesesteak! ♪ ♪ every night, all night cheesesteak, cheesesteak! ♪ ♪ 9 a.m. cheesesteak! ♪ 2 p.m. cheesesteak! ♪ 4 a.m. cheesesteak! ♪ any time (ruh!) >>geico. fifteen minutes could save you fifteen percent or more on car insurance. "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but w
you imagine saying vote for me? i want to raise your taxes and force the anti-corruption austerity budget. the russians know they fall in their lap. >> the signals that are sent to russia russian defense ministers saying rsia is now planning the permanent military presence outside russia's borders including vietnam, cuba, venezuela, ni caragua singapore and other countries and back in november secretary kerry said the monroe doctrine is dead. did he just waved the flag for russian expansionism? >> that is one of many that the administration has been waving. as clap to america the monroe doctrine is not popular and tell it is needed then they want to know where the united states is of central and south america are very worried about russian participation adventurism and a return of russian military shows that putin thinks he is achieving his objective to reestablish hegemony and he goes for world power status again. no doubt. lou: i don't know what status about obama of the secretary key suggested the united states s rejecting the monroe doctrine because it woul concern our neighbor
direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at gerri: we have some good news for drivers. the demise the red light camera could finally be on the horizon. gone will be the days of these hilarious that captured on red camera because of these cameras going away. other nsaids americans hav pulled over the years have gone viral. on a serious note, dozens of communities are concerned about these very lucrative programs. mayor john ducey is with me now. >> thank you for inviting me to your show. gerri: why are we getting rid of the red lights? >> i took office on january 1. i wanted to take a look at what is behind these cameras. so the companies came in d they made their pitch and i said i wanted to take a look at this data. so i got the data to ee what allie
're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at neil: enter steve blackwood he has seen first hand how ts health care law has become for his mom, who is battling cancer, and lost coverage due to opponent care. as of this morning something mirr act housely changed? >> well, as of this morning, i received a telephone call saying they they were going to cover her for the next year, we have not received tha in writing yet, if i say is drawing a larger problem it takes a op-ed, on a natiol newspaper, phone calls, just to get one drug covered for one year, how do we know that system is going to work well for those who d't get that kind of attention. neil: w many others who didn't have the access you did, and push you did, to get your grief published and seen on tv, how many are f
pay for some of his suggestions it would include a buffett tax, named for warren buffett, to go after high income americans and boost taxes on airline passengers and tobacco products. the president made the pitch for his blueprint at a washington, d.c. elementary school. >> as a country. we've got to make a decision if we're going to protect tax breaks for the wealthiest americans or make smart investments necessary to create jobs and grow our economy and expand opportunity for every american. >> republicans quickly pounced, saying the president's budget would increase spending by $791 billion over ten years. it never balanced and would add $8.3 trillion to our debt in the neck decade, and they said after mr. obama has raised taxes $1.7 trillion, this would be an additional tax increase to largely pay for new spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it
unveiling the 2015 budget and it calls for 59 trillion in spending. it would raise taxes on the wealthy and give tax breaks to poor and middle class americans. it will significantly reduce the size of the military with deep cuts to the defense budget. the proposal pushes health and human services spending over 1 trillion for the first time ever. what does the budget proposal mean for your wallet? we will break it down at 5:40. the first primaries of the 2014 election season are in the books. the elections in the texas area easily solved abbott and davis get their party's nominations. but things weren't quite as simple for the nation's oldest member of congress. 90-year-old republican ralph paul who is seeking his 18th term did not win 50 percent of the primary vote. which forces him nool a may runoff against former u.s. attorney jay ratliff. son of former governor jeb bush won the primary for texas land commissioner. he's expected to win the january election in november. >>> massive crowds celebrating mardi gras in new orleans. this morning the party is dying down because today is ash w
we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at >> i had been devised by my counsel a constitutional right not to testify. neil: today back in the odyssey. >> hot seat. >> why would you say that he partied cases are dangerous? >> on advice of my counsel i use my fifth amendment right to. >> what about teapartier review? >> respectfully exercise my fifth amendment right. >> there is not one smidgen of corruption? >> respectfully exercise my fifth amendment right. >> i have no expectation she will cooperate with this committee so we stand adjourned >> democrats and to republicans appear her and officials say nothing. one of the republicans that left the room it is like it disintegrated. >> of course we had been negotiating with her attorney to get her to come in. we conti
to revamp the tax code may not be going anywhere. blue staters and their pocket books with breathe easier. chairman dave camp has proposed a imagine overhaul of the tax system. obviously major overhauls of things like taxes, immigration, don't tend to go very far, but one of those things reportedly being eliminated. deductions to state and local taxes are on the table that several sites would say primarily benefit blue states currently. does this mean we finally found a tax increase the republicans can get behind. it turns out it's a tax increase on the states that vote for the other paem. we'll be back with more. hot chocolate stand calling winter an "underserved season". and before he quit his friend's leaf-raking business for "not offering a 401k." larry knew the importance of preparing for retirement. that's why when the time came he counted on merrill edge to streamline his investing and help him plan for the road ahead. that's the power of streamlined connections. that's merrill edge and bank of america. oh, there's a prize, all right. [ male announcer ] inside every box of cheerios
taxed in colorado. and it is generating a huge amount of revenue for the state. so, perhaps they think that if they put cash in people's hands they will go buy pot and somehow that revenue will come into the state. that's the only explanation that i can think of. >> the three legislators who voted for it. i wanted to try to get one on the show maybe tomorrow we will do it. but, look, they have all of these excuses that oh, it's got to be convenient. okay, but you can't ban them from alcohol and then try to promote pot. because, remember, the state gets money from alcohol, too. they get tax money. so all of those arguments fall apart. >> remember, they are against cigarette smoking with all these warnings. >> but they want you to smoke pot. >> there is an interesting case that's going to come up, i think in washington state which is also legalized marijuana. they don't have any pot shops opened yet we suspect in the summertime now that it's legal they will start. we will see if they go down the same path where they will allow access to cash from ebts for the use of pot. so far colorado
businesses they're paying savings and a property tax and payroll tax and normally adhere san franciscans so their bowing goods and services in san francisco it really helps the economy of san francisco grow so its not only a benefit to the project but to the city. the contractors center is 5 thomas melon circle in the bayview area open 8:30 to 5 welcom >> good afternoon, everybody let me please call this meeting of the san francisco public utilities commission at the 1:40 p.m. sfgovtv requires you to speak into the microphone otherwise the public can't hear our discussion. call roll >> commissioner president courtney. commissioner moran. commissioner torres. conditioning and commissioner vietor are on their way a you tell me 3 is the approval of the minutes from february 11, 2014. commissioners >> move to accept. >> any public comment on the minutes of
taxes. it involves panty hose, all sorts of things, including even secret elevators. we will talk about that. >>> plus a physical attack on the wealthy. one affluent town in california has been hit hard. speaking of wealth, the wealthiest neighborhood in the u.s. not by zip code or by county. we will go street by street. tyler is out today. simon is at the nyse and we will get downtown in just a second. first, that big news on housing. diana olick is in the house and she has been talking to the biggest name in the business, ivy zelman. >> the noted analyst famous for calling the top and bottom of the latest housing cycle, last spring she said here on cnbc that we were in housing nirvana. by fall she revised her outlooks down. today she explained why. >> i think nirvana took a pause, during that time house prices -- home prices were surging and we had very attractive affordability and a few months after i was on, we had rates spike about 100 plus basis points and we saw a pause. the consumer was rationally responding to the surge in prices, the backup in rates. >> she did not seem partic
these cities. flee away from taxing, crime, whatever. and went to suburbia. it followed them. they said why are we spending three hours a day on the long island expressway? let's move back into these cities. so for me it's about people get displaced. where the black population of new york city has declined. the hispanic or puerto rican population has declined. it's about having affordable housing so people whoever they are can live in new york city. and it's not just new york. d.c. used to be called chocolate city. chicago, they knocked down the cabrini green projects and now black people are stuck on the projects outside of chicago. >> sorry. isn't this something that has happened to in every generation to all sorts of different groups? little italy in new york has gotten smaller as parts of chinatown have grown and other neighborhoods have grown. one an area that used to be predominantly jewish then changes over to another ethnic group. you don't see this as something -- you think it's escalating? >> here's the difference, anderson. because those, they were moving up. when you had the ghe
. a tax credit. not a deduction. but a tax credit for the $35,000 for the employer. so this program is no cost to the business. my plan is also revenue neutral. no cost to taxpayers. think about it the intern would be paying taxes on the 35,000. also spending money in the community, which creates revenue for the irs. and also big point, the intern will not be drawing unemployment insurance, saving the taxpayers, and the business? they get work out of that intern, can test run expanding without running about costs. this plan is simple, targeted, matches needed skills with jobs available. we don't even need to add any bureaucracy. businesses just take that $35,000 credit on their tax return. and that's my off-the-record comment tonight. what do you think of my one page jobs plan? go to and tell us. >>> and are americans feeling buyer's remorse about president obama. take a look at the latest poll. 59% of americans are disappointed in the obama presidency. 59%. not just republicans. a big chunk of that disappointment coming from independence and democrats. joining us, cha
enrollment web sites up and running. the change permits residents of those states to receive federal tax credits, even if they ended up buying insurance outside the online exchanges. white house spokesman jay carney. >> subsidies of aca remain available no matter how you get insurance. we're making sure cms is working closely with states to successfully implement their marketplaces. and that includes making sure that those who are eligible for subsidies are able to receive them. >> woodruff: the problems with the federal health care insurance exchange have largely been repaired. but the states of oregon, maryland, massachusetts and hawaii are still laboring to get their websites into optimum shape. a retirement surge means regional airlines in the u.s. will need hundreds of new pilots each year over the next decade, but they may not get them. the government accountability office reports 11 out of 12 regional carriers failed to meet hiring targets last year. a major factor could be the average annual starting salary, just $22,400. regional airlines handle half of all domestic flights. >>
a decision if we're going to protect tax breaks for the wealthiest americans or if we're going to make smart investments necessary to create jobs and grow our economy and expand opportunities for every american. at a time when our deficits are falling at the fastest rate in 60 years we have to decide if we're going to keep squeezing the middle class or reduce deficits responsibly while taking steps to grow the middle class. >> that was president obama outlining his $4 trillion budget for 2015 setting the stage for another budget fight. it calls for growing are the tax expansion. the president says he's paying for all of this by closing loopholes, one of which is wall street's favorite loophole which allows hedge fund managers to count their investments as income instead of capital gains. many think it faces a long road because of republicans in the house. to walk us through the budget battle, jimmy williams, an opinion writer for u.s. and an msnbc contributor. how are you? >> how are you, hello. >> i want to start with one of the more important things which is that child care tax cr
, and expansion of the income tax credit for low income workers with no kids. >> it is a roadmap for creating jobs with good wages. >> the president has opted for the political stunt for a budget about firing up the base rather than solve the long-term challenges. >> the budget calls for raising about $650 billion in revenue by limiting tax deductions for the wealthiest americans. of a had 16 days government shutdown. in her porch sheds light on what that cost. one federal agency. ds light on what it cost the national parks. $14 million in lost visitor bending. >> it will soon be cherry blossom season. the national park service announced peak bloom will be between april 8 and 12. the festival kicks of earlier on march 20. this year marks the second anniversary of the gift of trees from japan, a symbol of friendship with the u.s.. >> we are happy to see those blossoms. it gives you hope. >> it will not be warm tonight. the little progress by the weekend. maybe in the 50's. >> progress to normalcy. >> we will start up with oakdale. everything is snow came up. -- the sun came up. the breeze dried it
be in for the largest property tax hike since the recession started. the board of supervisors voted last night to advertise the tax rate if $1.10 per $100 of assessed value. now that's 2 cents higher than the current rate. each cent increase adds up to about $50 on the average taxpayer's bill. there will be several public hearings held on this measure for the next month. >>> montgomery county police have now identified the people killed in two back to back murders. last night, 21-year-old, james allen frasier of rockville was shot to death near the intersection of route 355 and oxbridge drive in germantown. the night before. 22-year-old, mark taylor, a graduate was killed just outside a home on lockland drive in silver spring. scott broom spoke with police today. >> is there any reason to believe any evidence at all that these two incidents may be linked in any way? >> nothing that we have is pointing to that at all. >> and police have not announced any suspects or leads in either case. they continue, though, to guard the house nearly 48 hours after that shooting there. >>> his job is to serve
understanding how anyone could vote for tax breaks for billionaires, for millionaires, for large corporations and then say we don't have the resources to protect our veterans. we should not be supporting this point of order. a senator: mr. president? the presiding officer: the senator from north carolina. mr. burr: mr. president, my only wish is we could have been here on the senate floor debating reforms within the system so we could fulfill and keep the promises that we have got to our veterans that are currently in that system. i would yield back the balance of the time. the presiding officer: the question is on the motion to waive. the yeas and nays were previously ordered. the clerk will call the roll. vote: vote: the presiding officer: are there any senators in the chamber who haven't voted or wish to change their votes? on this vote the yeas are 56, the nays are 41, three-fifths of the senators duly chosen and sworn not having voted in the affirmative, the motion is not group agreed to. the point of order is sustained and under section 312 of the congressional budget act, the bill is r
: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at david: time for a quick speed read, some of the day's other headlines, five stories in a minute. morgan stanley weighing sale of private bank in switzerland which manages about $11.3 billion in assets. reuters is reporting that the bank is looking at several options. >>> ups is expanding the alternative fuel fleet by 32%. the company will spend $70 million to buy a thousand delivery trucks powered by propane and build 50 fueling stations across the country. >>> global pc shipments fell nearly 10% last year, the worst contraction on record. research firm idc expects shipments to decline by 6.1% this year due to lackluster demand in developing countries. >>> yahoo! is dropping the option for users to sign in with goog
'm not a fan at all of government stimulus. i don't think that works. what i'm talking about tax reductions and reductions in regulations. lowering the cost of doing business. go ahead. >> exactly and i agree with you. it i point we've got everything kind of situated really well for any kind of a recovery we see to really transfer into corporate profits and those profits are so strong. you can see it in the companies what they're doing. they're paying back shareholders in the form of higher dividend and share repurchase agreements. it is flowing to higher cash flow on the bottom line. so i think it's a great situation going forward. >> i want to bring kevin into the conversation because the bond market traditionally is that place people fly the minute they whip any -- whiff any kind of danger. a traditional flight to quality area for investors. when we get the headlines, in essence, say what it was, that 2,000 russian troops, and it hasn't been confirmed but the press is saying 2,000 russian troops landed and taken control of crimea, a region attached to the ukraine, that bodes how for the
dave camp, the head of ways and means committee has done this week proposing tax reform to simplify the tax code, reduce rates, reduce the corporate rate from 35 to 25% is really the sort of thing we need to do to energize the participants in the u.s. economy. right now they're sitting on their hands. there is over a trillion, maybe $3 trillion in corporate assets not being deployed. there are $2 trillion in corporate assets parked overseas because they don't want to be taxed. the camp plan would cause most of that to come back to the united states and be deployed here. that is the sort of thing we should be doing. jenna: he announced his plan, if you will in the "wall street journal" yesterday in an article. i believe he will be speaking to neil cavuto later today. it will be interesting to hear from him. what do you think the prospects are? we heard tax reform before. what do you think really are the chances what he does actually turns into some change, real change? >> i think because of president obama's attitude towards taxes, there is very little prospect. you need a president
to a significant change but you have the anniversary of the payroll tax increase and the sequester not far away, there's hope that you'll get more economic activity translating into more consumer spending although we're not sure how that will play out because we have this potentially seminal in the way people shop. >> we had a big increase in the value of homes and macy's talks about how furniture was very strong. i mean, there are lots of people who are still putting money in homes. and that seems to be the trend that a lot of these retailers have been talking about. remember, target has a nice home business. people are spending on their homes. they are. >> now, target's q-1 profit view's a little below consennious aconsenn io consennsus, and they don't know what the data breach will cost them down the road. what is your game plan on target? >> i think the yield will hold it down. it's so funny do you know what we've got this interesting market that's the opposite of how skeptical we were coming in about retail. lowe's goes up yesterday on home deem poe doing well. low they give us a good numb
late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at humans -- even when we cross our "t's" and dot our "i's," we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. so call... to talk with an insurance expert about everything that comes standard with our base auto policy. and if you switch, you could sav
.m. in london. testifying before a senate committee on the role in tax evasion. insisted this conduct was limited to a handful of employees. hans nichols as the details from berlin. good morning. ritual to these hearings. or anyllenge to dougan, executive, is to be contrite but not give away ground to hurt shareholders. on this one key point on whether anyone would be held accountable, you kept hearing them press the question. >> how many culpable officers in key executives have you held accountable or fire the? >> we determined to shut this business down. over the course of the first two years after that i'm a we basically reduce the size of the business by about 85%. >> how many employees were fired? different credit suisse employees serviced the 22,000 u.s. linked accounts. the committee's report, only 10 of the 1800 were disciplined and no one was fired. is that an accurate statement? is largely accurate. >> why do people take money out of the country of origin and move to switzerland? historically, one of the things obviously highlighted is they are sheltering assets and income f
and suspended from office we plunged into further turmoil thai society is split between tax and supporters most bbc populace rule areas texan groups largely made up of people from the lead to the urban middle class. and by instinct was to climb the political landscape in thailand. a grenade exploded on wednesday at a tv station in bangkok. nobody was hurt but a series of explosions last week after five people including four children sony's own province on the island of sumatra have declared a state of emergency due to the east. even though the clearing at large while but there are complying officials at indonesia's national disaster agency status mom has covertly our province for several weeks reality is a major source of palm oil. these and really felt was the one km on thursday. reuters says the prophet authorities in the region have canceled the plan for its apple flights. health officials see more people are suffering from respiratory ailments the predicted to be the most communities that has blanketed the professor agreed to. it's rumored to be a fine crumbs and consists of respite program
. got a weak ridge of informants to initiate sing. the financial transactions tax once again which could cost the uk savers three point five billion pounds you have two sets and current on going it's hard to build construction seems to be very different. the uk has many more friends in around the world the nation review focusing the eu till the end gang. the world is danger in any of the law and it still boils down to this one was a little less you're up for the other wants a whole lot more of it. the service of the rt london. my attention and proclaimed by some as the mice to emo company in the wild has once again drawing fun. the study suggests rules. that means he likened the links to any toxic and deadly kidney disease. read more about the dangers links to the gym for its bridge is the law and also now what scientists astronomers discovered seven hundred and fifteen you've done it sounds outside the system was dumping the number one it's time to see the smiles on this story and while it was attainable figured why not. west indies well is now spreading beyond the capital caracas and h
country and want nothing more than to pay taxes and contribute to make america better, one of my republican colleagues compared dreamers with drug mules. with disparaging remarks about the size of their calves. and he continues to refuse to apologize for his hateful comments. these kinds of deplorable, intolerant remarks are dividing our country but they should not divide this chamber. they should not prevent a commonsense bill from coming forward. house republicans need to reject the offensive and unproductive rhetoric of some of their members and finally show real leadership on immigration reform . that majorities of republican voters support. the only floor vote that we've even had this entire legislative session on immigration was a vote to defund the deferred action program, to defund the daca program, a vote to deport dreamers, to not allow dreamers to get right with the law and get a provegsal renewable working permit. sadly that amendment passed the house. we were able to stop it, it didn't happen, the program continues, we encourage president obama to extend the program,
that has ever done that. >> you have said the campaign is about jobs and education. it talked about tax incentives in regulation. what kind of tax incentives would you pursue? how much would that cost? contest to compete to bring jobs to their states. we are not competing. we are asleep. governor brown is not traveling insane bring your factory here. elon musk just yesterday announced his new battery factory. not looking to build in california. i do not fault elon musk for making a wild business decision. we need to improve california's economic climate so we are in the hunt. if you look up these windows, we have some natural advantages in california. nobody wants to move to texas. people love california. we do not need to be the cheapest place in the world but we need to be competitive and we are not. in arizona,building apple in texas. how would you get them to do california instead. >> the regulatory litigation complex in sacramento is out of control. hundreds of regulations every year. it is like a giant ball of yarn because bigger and bigger. we need to reign that and. when legisla
legal regulation and production and taxes and all those things, that i think it weakens its own but also for the 30s, 40s and part of the 50s they weren't allowed to have tasting room so customers cut in -- couldn't come in and try it. the secretary of honeywood at the time then bought it and she actually went to lobby for tasting rooms. so we hold one of the first tasting rooms because of her. she was a pioneer and i think that opened it up and made it a lot easier because if you can't try it it makes it hard to make a decision. i have read a lot about how it's definitely a big part of the economy and not just agricultural part but there's a lot of wineries that do weddings and restaurants so it kind of reaches out further than just production of wine. it really touches i think everybody in some way but definitely agriculturally it has grown so much and it's a large part of the oregon economy. i think the oregon wine industry is unique in the fact that there is a lot of small wineries so you get that more personal feel. you can move onto a tasting room
they are taxed to pay for my health care. this is why i say americans should cut entitlements then medicare and social security will suck every pennyrom young people like jonathan. obviouslyou want spending reduced but at the wrestle institute they say the government should spend more. more? are you kidding? >> this is house social insurance works. with young people regardless of might be cyrus someday they will not be young people they get older every year someday they will b old peopleaby retirement security and health care. john: we take too much. >> is sustainable we don't do anything with medicare will bankrupt the government. if we don't it will bankrupt every individual person. like turning medicare into a voucher increases health care cost. >>. >> those think tanks confused me. i think we should spend more with social security. they are working how they are supposed to. john: i want to scream at him. >> but the irony is they have less aumulated wealth and less savings. talk about income inequality but we have government programs that are set up to take from the young people who hav
with the same old stale ideas of raising spending and taxes and nothing new in there. and i am disappointed he put 58 billion worth of new spending sense he signed a bill with a budget agreement two months ago. >> the white house said 13 million americans are getting a tax break, are they? >> the best way to make sure everyone is are treated fairly is to reform. it we put out to reform corporate and individual side. and millions of jobs would be created. i wish the president would come down and listen and have a dialogue. >> he is calling for more spending. >> what is the chance that more spending passes this congress? >> i don't think he has much of a chance here in the house. i can't speak for the senate. but more spending is not the issue here. it is odd it came out on the same day we reached the $17.4 trillion debt. the debt clock is ticking and until we get serious about growing your economy and creating more jobs, obviously it is not the congress that creates jobs. but the american people are the job creators and we have a number of bills laying on the desk in the senate waiting for thos
billion spending increase. huge increase in spending. the other side of the coin is tax sayings. we are going to be -- we are bringing 2.7 trillion in taxation last year. it will be 2.3 trillion next year and the president wants another trillion on top of that. the big picture very clear. tax more, spend more, more government. gregg: off camera you were telling me about the earned income tax credit. >> included in this budget there is an expansion of the earned income tax credit. that's a check that goats out in the mail to people who are working that earn very little money. the president proposed to expand that and bring in an extra 13 million people to get that check every year. those 13 million people have no children. at the moment you can't get the earned income tax credit if they have got no children. the president will expand that, people with no children will be brought in. 13 million more people getting that check in the mail, paid for by you the taxpayer. it's a vast expansion of what we call the social security net under this budget. gregg: there are a great many skeptics
control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1 trillion worth over the next year. and i'm wondering, where are the savings? because the president and republicans, too, there were no fair players on this, they reversed what were going to be minor cost of living juchlgts in the last deal. they scrapped that altogether. writes the will for getting this under control? >> two things. i think if you look in the medicare area, the president's budget identifies some additional efficiencieefficienc that are saved, that are cut, not by harming beneficiaries, but by reducing and continue to reduce some of the overpayments to the private insurance companies, by changing the way you reimburse big pharmaceutical companies. those are real cuts
found the $10 million of gold coin owe millions in taxes. >> though the discovery was made public we know the couple found the coin last year. according to the tax code people who find property that's lost or abandoned have to pay taxes on that loot. that means the couple may have to pay more than half of the $5 million -- is it half of 5 million? >> it's a lot. it's what, about 37, 39%. whatever it is. where you feel you should be taxed until you become wealthy. let's check the microclimate weather. a live look at san francisco and head south to fremont, here's fremont. we'll get an update, there is fremont on the rain with christina loren. meanwhile, mike is the man of the hour. good morning. >> good morning. exactly. trying to escape the flooding but there is so much. we're looking here, this is west 580, the headlights, soupy conditions. most of these shots similar to one another because we zoomed in so you can see all of the water. that's to faem size the fact no matter where you go in the bay, west 580. the blue on the maps, remember that's the weather data, road weather index,
about that. [closing bell ringing] >> is great move for jcpenney. that tax on last week when they were up 27%. david: we'll talk about jcpenney. why is it popping? liz: as bells ring on wall street it has been a very tough session but we're clearly 100 points off the lows of the session for the dow. that's right, the low was down 250 for the s&p. at one point we were down 25. a little it about confidence coming back into a thinly-traded market with the overhang of serious news out of the southern region of ukraine. that is called crimma. as soon as we get more details what is happening there we'll bring them to you. for now a tough days notice markets. david: you had a guest in the last hour, liz, when you think about what is happening and how far this thing could spread amazing how calm the market has been. still a down day, no way to get around it. we'll get to the market news. first off the front page headlines. the crisis in ukraine does appear to be worsening. in the last few minutes as liz mentioned armed men seized a ukrainian border check point at a ferry crossing bet
proposals to reform the irs. feel --p is set to on unveil his for pushover tax reform. what are some of the things that we know already about the proposal that chairman camp will announce question mark -- announce? >> he has been able to reduce income tax for individuals to 25%. we are hearing about a big tax on financial institutions and banks that could raise $60 billion. -- it is a hearing upmor mill appear -- -- u here. you are hearing capital gains tax. surtax.ll be a there are a lot of different proposals coming out of ways and means today and coming out of k street. we have seen analysis from the joint committee on taxation. >> what are you hearing from rank-and-file members in terms of this being an election year. how are they greeting the news of a tax reform package? >> we reported this morning and are night that republicans supported in general and in theory as a republican idea. when it comes to being a few months out of the midterm election, they are not pleased that they have to take a stance on a bill that has a lot of democratic ideals and it. it.n they may take a wha
of dollars in offshore tax evasion. your goggles, upbeat about business in the u.s. even as americans get more of a taste for craft through -- craft brews. airbus stock climbs higher as the company works to boost production on its best-selling a320. good morning. welcome. you are watching "the pulse." i am guy johnson. francine lacqua is off today. what do we have for you on the show today? it is all a board brand italy. monocle magazine's latest issue is all about the country. we are live with the editor-in-chief tyler brule. we're going to cover a lot of ground. italy, beautiful but problematic. what do we do with it? let's begin with our top story of the day, and explosive report by u.s. lawmakers on credit suisse. according to a senate committee, the bank helped american customers hide as much as $10 billion in assets from the irs. that is more than double the amount previously known. hans nichols has more on the findings. he joins us from berlin. >> the numbers are shocking. more so than the numbers, the details, the salacious aspects of this report. you had secret meetings in secret
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